Claremore Performing Arts Center Inc
Claremore Performing Arts Center maintains strong asset growth and fiscal health with zero executive compensation.
EIN: 200378719 · Claremore, OK · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $343K |
| Total Expenses | $143K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3.8 |
| Net Assets | $3.8M |
| Transparency Score | 90/100 |
Is Claremore Performing Arts Center Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Claremore Performing Arts Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Claremore Performing Arts Center Inc
Claremore Performing Arts Center Inc (EIN: 200378719) is a nonprofit organization based in Claremore, OK, classified under NTEE code B11. The organization reported total revenue of $343K and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Claremore Performing Arts Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Claremore Performing Arts Center Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $241K |
| Total Expenses | $143K |
| Surplus / Deficit | +$97K |
| Total Assets | $3.8M |
| Net Assets | $3.8M |
| Operating Margin | 40.5% |
| Months of Reserves | 316.1 months |
Financial Health Grade: A
In 2023, Claremore Performing Arts Center Inc reported a surplus of $97K with revenue exceeding expenses, holds 316.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Claremore Performing Arts Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +54.2% | -40.5% | +2.7% |
| 2022 | -86.2% | -72.2% | -2.3% |
| 2021 | +280.5% | +793.3% | +7.6% |
| 2020 | +56.9% | -15.6% | +6.1% |
| 2019 | +31.9% | +38.1% | +2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Claremore Performing Arts Center Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Claremore Performing Arts Center Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $97K, with revenue exceeding expenses.
Executive Compensation Analysis
Claremore Performing Arts Center Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is highly unusual for an organization of its size with assets exceeding $3.8 million and suggests a volunteer-led executive structure, which is a significant strength in terms of resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Claremore Performing Arts Center Inc:
- Consistent asset growth, reaching $3,820,637 in the latest period.
- Zero reported liabilities across all filings, indicating strong fiscal health.
- 0% officer compensation, suggesting efficient use of funds for mission-related activities.
- Expenses consistently lower than revenue in most periods, leading to financial surpluses.
- Excellent transparency with 13 consistent IRS 990 filings.
Frequently Asked Questions about Claremore Performing Arts Center Inc
Is Claremore Performing Arts Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Claremore Performing Arts Center Inc (EIN: 200378719) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Claremore Performing Arts Center Inc spend its money?
Claremore Performing Arts Center Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Claremore Performing Arts Center Inc tax-deductible?
Claremore Performing Arts Center Inc is registered as a tax-exempt nonprofit (EIN: 200378719). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Claremore Performing Arts Center Inc CEO make?
Claremore Performing Arts Center Inc's highest-compensated officer earns $3.8 annually. The organization reported $343K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Claremore Performing Arts Center Inc's spending goes to programs?
Claremore Performing Arts Center Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Claremore Performing Arts Center Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Claremore Performing Arts Center Inc is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Claremore Performing Arts Center Inc located?
Claremore Performing Arts Center Inc is headquartered in Claremore, Oklahoma and files with the IRS under EIN 200378719. It is classified under NTEE code B11.
How many years of IRS 990 filings does Claremore Performing Arts Center Inc have?
Claremore Performing Arts Center Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $343K in total revenue.
Is Claremore Performing Arts Center Inc. financially stable?
Yes, the organization appears financially stable, consistently growing its assets from $3,115,108 in 201506 to $3,820,637 currently, and consistently reporting zero liabilities.
How does the organization manage executive compensation?
The organization reports 0% officer compensation in all available filings, indicating that its officers are not paid, which is a strong positive for resource allocation.
What is the trend in the organization's revenue?
Revenue has fluctuated significantly, with a peak of $1,129,607 in 202106, but generally remains in the $100,000-$300,000 range in other years, such as $240,620 in 202306.
Does the organization have any debt?
No, the organization consistently reports $0 in liabilities across all available IRS 990 filings, indicating no debt.
Filing History
IRS 990 filing history for Claremore Performing Arts Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Claremore Performing Arts Center Inc's revenue has grown by 101.1%, moving from $120K to $241K. Total assets increased by 17.9% over the same period, from $3.2M to $3.8M. Total functional expenses rose by 204.2%, from $47K to $143K. In its most recent filing year (2023), Claremore Performing Arts Center Inc reported a surplus of $97K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $241K | $143K | $3.8M | $0 | — | View 990 |
| 2022 | $156K | $241K | $3.7M | $0 | — | View 990 |
| 2021 | $1.1M | $865K | $3.8M | $0 | — | — |
| 2020 | $297K | $97K | $3.5M | $0 | — | View 990 |
| 2019 | $189K | $115K | $3.3M | $0 | — | View 990 |
| 2018 | $143K | $83K | $3.2M | $0 | — | View 990 |
| 2017 | $205K | $201K | $3.2M | $0 | — | View 990 |
| 2016 | $117K | $77K | $3.2M | $0 | — | View 990 |
| 2015 | $105K | $196K | $3.1M | $0 | — | View 990 |
| 2014 | $93K | $85K | $3.2M | $0 | — | View 990 |
| 2013 | $486K | $445K | $3.2M | $0 | — | View 990 |
| 2012 | $95K | $137K | $3.2M | $0 | — | View 990 |
| 2011 | $120K | $47K | $3.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $241K, expenses of $143K, and assets of $3.8M (revenue +54.2% year-over-year).
- 2022: Revenue of $156K, expenses of $241K, and assets of $3.7M (revenue -86.2% year-over-year).
- 2021: Revenue of $1.1M, expenses of $865K, and assets of $3.8M (revenue +280.5% year-over-year).
- 2020: Revenue of $297K, expenses of $97K, and assets of $3.5M (revenue +56.9% year-over-year).
- 2019: Revenue of $189K, expenses of $115K, and assets of $3.3M (revenue +31.9% year-over-year).
- 2018: Revenue of $143K, expenses of $83K, and assets of $3.2M (revenue -30.2% year-over-year).
- 2017: Revenue of $205K, expenses of $201K, and assets of $3.2M (revenue +75.4% year-over-year).
- 2016: Revenue of $117K, expenses of $77K, and assets of $3.2M (revenue +11.1% year-over-year).
- 2015: Revenue of $105K, expenses of $196K, and assets of $3.1M (revenue +13.1% year-over-year).
- 2014: Revenue of $93K, expenses of $85K, and assets of $3.2M (revenue -80.8% year-over-year).
- 2013: Revenue of $486K, expenses of $445K, and assets of $3.2M (revenue +410.2% year-over-year).
- 2012: Revenue of $95K, expenses of $137K, and assets of $3.2M (revenue -20.4% year-over-year).
- 2011: Revenue of $120K, expenses of $47K, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Claremore Performing Arts Center Inc:
Data Sources and Methodology
This transparency report for Claremore Performing Arts Center Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.